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Showing posts from December, 2020
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There are numerous reasons people choose to buy a used vehicle instead of buying a new car. One of the reasons people buy a used vehicle is because it is more cost effective and saves them a lot of money. We like to encourage buying used vehicles for a number of reasons. We have created a blog that is going to go over some of the many benefits from utilizing a used car dealership as opposed to a private seller.    The Decision   It can be tricky trying to decide how to buy a vehicle. Luckily, there are some facts we can provide you to help you make a fully informed decision. One big thing about buying from a private seller is that the vehicle will be sold just as it is. What this means is that the vehicle will not have proper evaluation into any damages or defects. This leads to major issues in the future. But if you buy from a used car dealership, you are putting a little more guarantee into the workings of the vehicle. After all, the reputation of the dealersh...

The Differences between AWD and 4WD

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Since there happens to be so many different choices in the car market, it can be difficult when you want to sit down and decide what car is best for you. An important choice to make during the car seeking process is choosing between all-wheel drive or four-wheel drive. When most people come across having to make this decision, they assume that both are basically the same and that the choice does not matter, but it does, a lot actually. Each option has their own unique advantages, and they suit different types of drivers. Good Fellow’s Auto Wholesalers will go over the advantages of each so you can decide which option is best for your next vehicle purchase at our Used Car Dealership in Toronto. All-Wheel Drive All-wheel drive is often known as AWD. You've most likely seen this term used on either car commercials/advertisements or on vehicle specification sheets. AWD is, in simplest terms, when a vehicle will use the rear, center, and front differentials all at once. This is performe...

How Long Do Car Loans Usually Last in Canada?

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Car loans are both very complex and easy at the same time. Every loan is tailored to meet the needs of the client, as well as the lender that is extending the financing. Depending on the person’s financial situation and overall terms of the car loan, giving a number for the average loan duration is not easy. With that being said, Good Fellow’s Auto Wholesalers can give a rough estimate as to how long car loans typically last in Canada. ​ ​Why Have Loan Lengths Increased? In the past, a typical car loan would last for about five years. These days, consumers are seeking lower payments instead of shorter payment periods. They can achieve this by seeking loans with lower interest rates and longer repayment terms. It is typically great for buyers in the short run and better for lenders in the long run. It's also important to mention that lenders are not losing money by offering lower payment. In fact, the longer a loan is active, the more money a lender will make over time. For consumer...